Exxon Mobil Co. (NYSE:XOM) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,563 shares of the oil and gas company’s stock after selling 140 shares during the quarter. Romano Brothers AND Company’s holdings in Exxon Mobil were worth $2,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.12 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s fifty day simple moving average is $115.25 and its 200-day simple moving average is $109.72. The stock has a market cap of $453.92 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 4.14 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $2.83 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.